Question 1

Is Thuringowa Central a nice place to live?

Accepted Answer

Thuringowa Central is the local hub for the Thuringowa area in northern Townsville, close to the Ross River. Its built character mixes low-set weatherboard and brick homes on suburban blocks with pockets of newer townhouses and unit complexes near the commercial strip. Day-to-day life centres on a compact shopping precinct, sporting fields and riverfront parks. The community of 1,953 people has a median age of 38 and a median household income of $1,769 a week. Families are prominent, with couple families with children the largest group at 40.1% and, together with couple families without children (35.8%), making up about three in four families. Homes are mostly owner-occupied, with just over seven in ten dwellings owned and about 28.5% rented.

The suburb is well connected by main roads and public transport, which makes access to wider Townsville straightforward. Council-led investment in the Riverway precinct has added a Riverway Library co-located with the Riverway Arts Centre and Pinnacles Gallery, alongside upgrades to the Riverway upper lagoon. State and local roadworks, including safety and capacity upgrades on Thuringowa Drive and Riverway Drive and completion of the Townsville Ring Road Stage 5, and the Townsville City Plan naming Thuringowa Central as a major activity centre targeted for medium-density activation, indicate ongoing change. Whether it suits you depends on whether you want a practical, family-weighted suburb with nearby shops, parks and improving facilities.

Question 2

Is it expensive to live in Thuringowa Central?

Accepted Answer

Renting a house in Thuringowa Central runs to about $550 a week. Against a typical local household income of $1,769 a week at the last Census, that rent would take about 31.1% of income, roughly a third, which is a sizeable share of a household's weekly earnings; if you're renting rather than buying, that rent share is the figure that matters when assessing cost.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Thuringowa Central a good place to invest?

Accepted Answer

Over the past 12 months Thuringowa Central saw strong increases in property values: median house values rose 21.5% and median unit values rose 20.4%. House rents increased a solid 7.8% over the same period, so house capital growth outpaced rental growth this year. If capital appreciation or rental income is the priority for you, these are the figures to weigh when considering Thuringowa Central as an investment; whether that fits your goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	21.5%	20.4%
Sold Past 3 months	9	2
Median days on market Past 12 months	18	12
Average rent Past 12 months	$550	N/A
Change in rent Past 12 months	7.8%	N/A

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